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REGISTERED NUMBER: 08443633 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2023

FOR

FRESHFIELDS FRUIT LTD

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


FRESHFIELDS FRUIT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







Directors: C P Hawkins
J S Hawkins





Registered office: Thingehill Court
Withington
Hereford
HR1 3QG





Registered number: 08443633 (England and Wales)

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 646,990 677,910
646,990 677,910

Current assets
Stocks 6 822,784 812,172
Debtors 7 550,588 768,062
Cash at bank and in hand 368,078 100,980
1,741,450 1,681,214
Creditors
Amounts falling due within one year 8 438,826 407,976
Net current assets 1,302,624 1,273,238
Total assets less current liabilities 1,949,614 1,951,148

Creditors
Amounts falling due after more than one
year

9

(412,553

)

(655,533

)

Provisions for liabilities 10 (136,700 ) (98,500 )
Net assets 1,400,361 1,197,115

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

BALANCE SHEET - continued
30TH JUNE 2023

30.6.23 30.6.22
Notes £ £ £ £
Capital and reserves
Called up share capital 11 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 1,397,361 1,194,115
Shareholders' funds 1,400,361 1,197,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2024 and were signed on its behalf by:





J S Hawkins - Director


FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. Statutory information

Freshfields Fruit Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.
Depreciation is provided at the following rates, on the straight line method, in order to write off
each asset over its estimated useful life, if held under a finance lease, over the lease term, whichever is the shorter;

Plant & machinery 10% - 20% SL
Motor vehicles 20% SL

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, aremeasured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price.

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. Accounting policies - continued
Other financial liabilities, including bank loans and preference shares that are classified as debt, aremeasured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research & development
Expenditure on research and development is written off in the year in which it is incurred.


FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees (including officers)

The average number of employees during the year was 70 (2022 - 69 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1st July 2022
and 30th June 2023 387,822
Amortisation
At 1st July 2022
and 30th June 2023 387,822
Net book value
At 30th June 2023 -
At 30th June 2022 -

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


5. Tangible fixed assets
Plant & Motor
machinery vehicles Totals
£ £ £
Cost
At 1st July 2022 1,753,148 82,524 1,835,672
Additions 60,900 7,496 68,396
Disposals (16,250 ) (5,795 ) (22,045 )
At 30th June 2023 1,797,798 84,225 1,882,023
Depreciation
At 1st July 2022 1,104,930 52,832 1,157,762
Charge for year 84,135 12,794 96,929
Eliminated on disposal (14,992 ) (4,666 ) (19,658 )
At 30th June 2023 1,174,073 60,960 1,235,033
Net book value
At 30th June 2023 623,725 23,265 646,990
At 30th June 2022 648,218 29,692 677,910

The net book value of tangible fixed assets includes £ 1,969 (2022 - £ 6,692 ) in respect of assets held under hire purchase contracts.

6. Stocks
30.6.23 30.6.22
£ £
Stocks 822,784 812,172

7. Debtors: amounts falling due within one year
30.6.23 30.6.22
£ £
Trade debtors 282,305 386,874
Other debtors 137,404 100,357
Corporation tax refundable - 38,250
Owed from related parties 7,265 -
Social security & other tax 83,844 75,356
Prepayments & accrued income 39,770 167,225
550,588 768,062

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


8. Creditors: amounts falling due within one year
30.6.23 30.6.22
£ £
Bank loans & overdrafts - 39,120
Hire purchase contracts 554 4,886
Trade creditors 325,047 255,691
Corporation tax 22,900 -
Social security & other tax 54,130 72,734
Owed to related parties 12,472 7,418
Accrued expenses 23,723 28,127
438,826 407,976

9. Creditors: amounts falling due after more than one year
30.6.23 30.6.22
£ £
Bank loans - 39,120
Bank loans - 156,480
Bank loans - 47,380
Directors' loan accounts 412,553 412,553
412,553 655,533

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 47,380

10. Provisions for liabilities
30.6.23 30.6.22
£ £
Deferred tax 136,700 98,500

Deferred tax
£
Balance at 1st July 2022 98,500
Utilised during year (1,500 )
Loss movement 39,700
Balance at 30th June 2023 136,700

FRESHFIELDS FRUIT LTD (REGISTERED NUMBER: 08443633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £ £
2,000 Ordinary shares £1 2,000 2,000

12. Contingent liabilities

There were no contingent liabilities at 30th June 2023.

13. Related party disclosures

The directors

The directors of the company have use of a current account with the company to record
amounts due to them and amounts drawn by them. The balance owed by the company at the end of
the year was £412,553 (2022: £412,553). This amount is considered to be due in more than one year.

Related parties

The following transactions with related parties, on normal commercial terms, took place during the year:



Sales

Purchases
Debtor
balance
Creditor
balance
£   £   £   £   
Significant influence entities22,016115,7717,26512,472